PIF Says WSJ Report that Kingdom Has Shelved Solar Projects is ‘Completely Inaccurate’

200 gigawatts of solar could provide 95 percent of the country’s current electricity needs.
A spokesperson for Saudi Arabia's Public Investment Fund (PIF) said via the Kingdom's state-run news agency, the Saudi Press Agency, that media articles claiming that work has been shelved with respect to SoftBank and Solar Projects are "completely inaccurate."

Saudi Arabia

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SoftBank Solar

Saudi Arabia denies shelving $200B solar project with SoftBank

PIF “continues to work with the SoftBank Vision Fund and other institutions on a number of large-scale, multi-billion-dollar solar projects which will be announced at ...



Saudi Arabia, Kuwait Discuss New Oil Production In Neutral Zone

Joint oil production in the neutral zone was suspended in 2015, but earlier this month the Financial Times reported that the two countries were mulling ...


Yemen Civil War

Saudi Arabia admits coalition ‘mistakes’ in targeting in Yemen

Saudi Arabia said on Monday it was working hard to correct mistaken targeting by its military coalition in Yemen that has killed civilians including children, ...


Yemen Civil War

Saudi Arabia makes $200 mln grant to Yemen central bank

Saudi Arabia’s King Salman announced a donation of $200 million to Yemen’s central bank on Tuesday, state news agency SPA reported, in an effort to ...


U.S.-Saudi Relations

Trump ramps up Saudi, OPEC criticism to little effect so far

US President Donald Trump has tried tweets, speeches and even a phone call, but his campaign of threats so far has failed to compel Saudi ...



Crowdfunding: A new way of closing the financing gap for SMEs and entrepreneurs in Saudi Arabia

Raising funds is a difficulty that has been faced by entrepreneurs and small-to-medium enterprises (SMEs) globally. But it is even a greater challenge for Saudi-based ...


Kingdom Holding Co.

Alwaleed to Sign $1 Billion Loan in First Borrowing Since Arrest

Kingdom Holding Co. will soon close a $1 billion loan, the first time Prince Alwaleed Bin Talal’s investment firm has borrowed since his detention last ...



Qatar launches WTO proceedings against Saudi Arabia over alleged IP violation

Qatar has started proceedings against Saudi Arabia at the World Trade Organization (WTO), accusing it of intellectual property rights violations, Qatar’s economy ministry said on ...


Cyber Threats

Microsoft report reveals top 3 cyberthreats in Saudi Arabia

Cybercriminals use botnets to spread malware, conduct online attacks, send spam, conduct denial-of-service attacks on websites, and facilitate click fraud. ...



Saudi’s SABIC gives initial price guidance for dual-tranche dollar bonds

Saudi Arabian Basic Industries Corp started marketing five-year U.S. dollar bonds with initial price guidance of around 140 basis points over U.S. Treasuries and 10-year ...


Saudi +

Regional and related topics

China in the Region

Beyond Energy: The Future of China-GCC Economic Ties

Besides looking for non-oil growth drivers domestically, GCC countries also seek new trading partners and diversified investment portfolios so as to build buffers against geopolitical ...


GCC Banks

GCC banks to stabilise in 2019, says S&P

The ratings agency said that 2019 should mark a stabilisation of Gulf Cooperation Council (GCC) banks’ financial profiles following three years of significant pressure. ...



Three years after Flight 9268, Egypt’s tourism is bouncing back

When Metrojet Flight 9268 crashed over Northern Sinai on Oct. 31, 2015, the Egyptian tourism industry collapsed. The suspected bomb effectively ended the Russian Red ...



Russian airstrikes in Syria reportedly killed 18,000 people

Russia's military intervention in support of the Syrian government on September 30, 2015 changed the course of the war, allowing President Bashar Assad's regime to ...


Iran in the Region

Iran launches missiles at Syria, but message is aimed at U.S., Israel, Saudi Arabia

The country’s paramilitary Revolutionary Guard said it had targeted militants it blames for a recent attack on a military parade that killed at least 24 ...



Qatar’s BeIN Seeks $1 Billion From Saudi Arabia Over Piracy

Qatar’s BeIN Sports network began legal actions against Saudi Arabia on Monday, seeking $1 billion in damages over pirated sports broadcasts, the latest escalation in ...



Turkey seeks help from McKinsey despite Erdogan’s ‘economic war’ with U.S.

Finance Minister Berat Albayrak — who is also Erdogan’s son-in-law — has commissioned New York-based global management consultancy McKinsey for advice on a three-year turnaround ...



IMF Expects Dubai’s Economy to `Gradually Recover’ Ahead of Expo

Regional and federal authorities in the U.A.E. have announced a series of measures over the past year to bolster economic growth. The steps include a ...



`Father of the Taliban’ Calls on China to Aid Afghan Peace Talks

Haq, who is believed to be in close contact with the Afghan Taliban and schooled its present chief, Haibatullah Akhundzada, said China would be welcomed ...


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